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To: Peter V who wrote (254172)6/14/2010 8:28:19 PM
From: Broken_ClockRespond to of 306849
 
I don't consider any of the five to be small in nature when one considers where they were drilling. I'd say 5 major failures to follow normal and practical guidelines.



To: Peter V who wrote (254172)6/14/2010 8:49:43 PM
From: stockman_scottRead Replies (2) | Respond to of 306849
 
Blackstone Group and Goldman Sachs Among Advisors Hired by BP
________________________________________________________________

June 14th, 2010 - (Reuters) - BP Plc (BP.L) has hired investment banks Blackstone Group LP (BX.N), Goldman Sachs Group LP (GS.N) and Credit Suisse Group AG (CSGN.VX) as advisers in the wake of its massive oil spill in the Gulf of Mexico, according to a source familiar with the matter.

BP has lost more than 40 percent of its market value since the explosion of the Deepwater Horizon rig that led to the oil spill. It has eclipsed the Exxon Valdez disaster as the worst U.S. oil spill.

Credit Suisse and Blackstone declined to comment. Goldman and BP were not immediately available to comment.

The source spoke on the condition of anonymity. (Reporting by Michael Erman; Editing by Steve Orlofsky)



To: Peter V who wrote (254172)6/14/2010 9:32:30 PM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
Or even all 5 done on 10 different wells at a time (say they had a combined failure rate of 5%). But #11 got 'em, their composite cheapness caught up to them.

The API has "best practices" for offshore drilling. BP chose to not follow them, nor listen to Halliburton or Schluberger representatives on site. They (BP) were the ticking time bomb, not necessarily Macondo, but one of their wells was gonna blow eventually with drilling "management" like that. No sympathy for the debbil from me......